Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$298,569$298,569$400,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$101,841$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.703%7.640%
1st payment$1,784.62$1,784.62$2,772.36
2nd payment$0.00$678.94$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$150.00$150.00$150.00
MI / mo$224.87$224.87$80.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,271.24$2,950.18$3,114.19
Cash to close$146,331$44,490$44,490